Japanese telecommunications/Internet titan SoftBank Group just led a $502 million investment round in Improbable, a London-based startup that makes virtual worlds for video games and real-world simulations. In exchange, SoftBank will take a board seat and a non-controlling interest in Improbable, although details of the deal were not released. SoftBank founder/chief executive Masayoshi Son’s growing interest in artificial intelligence and the Internet of Things has been a driver in the company’s recent deals. Continue reading SoftBank Bets on Virtual Worlds, Invests in U.K.’s Improbable

Artificial intelligence is moving into the mainstream and the San Francisco-based Sentient is one example of how it’s working. The company most recently built a visual search service for an online footwear company, Shoes.com, and also worked with Saint Michael’s Hospital at the University of Toronto on tracking patient care. Rather than rely on history for recommendations, the technology looks at more than a hundred factors to make judgments. Microsoft is also building AI into its products, including its Azure cloud platform. Continue reading Companies Develop New Applications for Artificial Intelligence